Najib Razak’s Rare Apology Amid 1MDB Scandal’s Legal Maze
Imprisoned former Malaysian Prime Minister Najib Razak apologized for the 1MDB fund scandal, still asserting his innocence. Najib established the fund in 2009, where billions were embezzled. Facing multiple legal battles, Najib hopes the upcoming court decision clears him. He believes he was misled and seeks justice.
In a rare admission, former Malaysian Prime Minister Najib Razak has publicly apologized for the multibillion-dollar 1MDB scandal but maintains his innocence, claiming he was misled.
Najib, who initiated the state fund in 2009, has been embroiled in several legal cases after investigators accused him and his associates of embezzling over $4.5 billion to fund lavish lifestyles. Najib's coalition lost power in 2018, and he is currently serving time post his 2022 conviction.
The apology precedes a pivotal court decision regarding new graft charges involving over $700 million. Najib insists he didn't collude with fugitive financier Low Taek Jho, the alleged scheme's mastermind, and pleads for acquittal, arguing political punishment suffices for his oversight.
(With inputs from agencies.)
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